Job

AVP - Illiquid Credit Operations

Location: New York
Base Salary: $175k Cap
Total Compensation: 60% Cap
Industry: Hedge Funds

Responsibilities:

• Support front office and Fund Management in new deal allocation, closing and funding

• For traded positions responsible for monitoring failed and unsettled trades

• Responsible for asset level data setup and maintenance within internal systems and coordinating with external service providers

• Responsible for cash and position reconciliations

• Processing of corporate actions and loan restructures

• Partner with Fund Management and business to derive FX strategy (FX spot, forward contracts, etc.) and execute strategy i.e. execution of FX trades including determination of best rates

• Responsible for cash forecasting processes including monitoring cash composition and reconciling cash to expected activity

• Responsible for bank account setup

• Execution of derivatives including determination of hedge ratio and contract size alongside front office

• Responsible for monitoring of existing derivatives and hedges including:

• Responsible for tracking all credit facility details, borrowing rates, and utilization

• Manage credit facility documentation including central storage of borrowing documents

• Track and monitor all credit facility fees charged by counterparties

• Monitor the collateral of asset back facilities

• Partner with front office and Fund Management to establish strategy and best use of credit facilities across credit vehicles

• Support front office and Fund Management in negotiation of ISDAs

• Work closely with centralized Treasury team in maintaining banking and counterparty relationships and providing market intelligence

• Establish regular reporting processes across all key areas above (e.g. cash management; credit facilities)

 

 

REQUIREMENTS

Knowledge and Experience

• 7+ years of private credit operations or credit servicing experience required; illiquid credit experience strongly preferred

Education and Certifications

• BS Degree in Finance, Accounting, Operations Research, Engineering, Mathematics or related discipline required

 

Apply for this Vacancy